If you’re planning to send a family treasure, an electronic equipment or expensive gift, why not try and get it insured? Buying an insurance is imperative to get that much needed protection. That said here’s a list of what you need to know:
- Insurance doesn’t cover everything. Say for example you’re sending a two year old laptop and it arrives in pieces, carriers such as DHL, UPS, Fed Ex and USPS will only reimburse you the present value – not for the replacement cost.
- Choose the right carrier. If you’re sending through USPS items can be insured up to $5,000. If you opt to send through Registered Mail the amount jumps to $25,000. Liability tops out at $50,000 for UPS, Fed Ex and DHL. But if you use the UPS drop box, the maximum drops to $500.
- Secure proof of value. If you’re sending brand new items, you have to show the sales receipt. Older valuables should be appraised before they’re sent out. But even with an appraisal, insurance can be limited on artwork and collectibles. Finding a shipper that specializes on shipping these type of items should be on your to-do.
- Wrapping is important. Let the shipper pack valuables for you. This way, the company can’t claim the items were packed improperly.